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Holiday let 5 year fixed rate mortgage 5.39%

Available for loans up to 75% of the purchase price or valuation of the property, whichever is lower.

PLEASE NOTE: YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. 

Deposit % Term Initial interest
rate 		Follow on rate Overall cost for
comparison 		Max LTV Arrangement
fee 		Application
fee
25% 5 years 5.39% 9.49%
after 5 years 		8.3% APRC 75.0% £999.00 £199.00

Key features

Fixed rate

A fixed rate, currently 5.39% (Ending on 14 May 2029). It then changes to our buy to let Standard Variable Rate, which is currently 9.49% for the remaining term.

The overall cost for comparison is 8.3% APRC representative.

What you pay

  • Daily interest.
  • A valuation fee is payable for all properties worth £800,000 or more.
  • An application fee of £199 (non-refundable) is payable with the application.
  • An arrangement fee of £999.

Early repayment charge

An Early Repayment Charge of 3% on the amount repaid will be applied for the duration of the product term. You can overpay by up to 10% of the loan outstanding per calendar year without charge.

What we pay

  • The first valuation fee for properties worth less than £800,000

Representative example

A mortgage of £206,550.00 over 27 years initially on a fixed rate of 5.39% (Ending on 14 May 2029) and then our Standard Variable Rate, currently 9.49%, for the remaining term, would require 61 monthly payments of £927.75 and 263 monthly payments of £1623.88.

The total amount payable would be £691,561.75 made up of the loan amount plus interest (£483,703.75) with a Application Fee of £199.00, Arrangement Fee of £999.00, Funds Transfer Fee of £25.00 and a Mortgage Exit Fee of £85.00. 

The overall cost for comparison is 8.3% APRC representative.


Please note: the representative example is for a house purchase only. For remortgage applications, certain fees do not apply. Please contact us for details.


This information does not contain all of the details you need to choose a mortgage. Make sure that you read the separate European Standardised Information Sheet before you make a decision. For full details, please call our friendly team on 0800 378 669.

Product Reference: 721

Your home may be repossessed if you do not keep up repayments on your mortgage